Taxation-AW-Q331 Online Services


Exercise 1
For the following transactions, determine whether they are allowable deductions or not for tax purposes

  1. Express Ltd obtains a loan to purchase a new courier car for their business and incurs interest on the loan totalling $25,000.

  3. Nicola is an employee of Express Ltd and incurs petrol costs on driving to and from work.
  4. Rebecca is reviewing her accounts receivable for the income year and concludes that 5% of the total debts, being $2,500, should be classified in the accounts as doubtful debts.

  6. Phone Co Ltd incurs legal costs in attempting to takeover Telecom.

Exercise 2
Part A
When are the following receipts (Income) taxable and payments (Expense) deductible for income tax purposes?



Accident compensation payments  
Accountancy fees paid  
Bad debts expected to be written off (doubtful debts)  
Bad debts written off  
Compensation and damages received  
Demolition of a building  
Dividends received from a foreign source  
Dividends received from a NZ source  
Entertainment expenses (dinner with clients)  
Fringe benefits provided  
Fringe benefit tax paid on benefits provided to staff  
Goods and services tax received and paid  
Goodwill paid on the sale and purchase of a business  
Hobby income  
Home office expenses  
Insurance premiums paid  
Interest paid  
Interest received from a foreign source  
Interest received from a NZ source  
Legal expenses paid  
Loose tools purchased  
Rates paid on business premises  
Repairs and improvements  
Research and development expenditure paid  
Rental losses  
Salaries and wages paid to staff  
Salaries, wages and bonus paid to staff after balance date for a pay period ending before balance date  
Salary paid to shareholder-employee of family company  
Sales of goods, including sales not paid as at balance date  
Sales of services, including sales not paid as at balance date  
Sub-contractors paid  
Vehicle running expenses  
Wages paid to spouse for office work  

You can read more about our case study assignment help services here.

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention Case Id mentioned in end of every Q&A Page. You can also send us your details through our email id with Case Id in the email body. Case Id is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.

Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to Case Id . The date is asked to provide deadline.

Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id and must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.

Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.

Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.

Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Case Approach

Scientific Methodology

We use best scientific approach to solve case study as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:

Defining Problem

The first step in solving any case study analysis is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.

Structure Definition

The second step is to define structure to solve the case. Different cases has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.

Research and Analysis

This is the most important step which actually defines the strength of any case analysis. In order to provide best case analysis, our experts not only refer case materials but also outside materials if required to come out with best analysis for the case.

Conclusion & Recommendations

A weak conclusion or recommendations spoil the entire case analysis. Our expert know this and always provide good chunks of volume for this part so that instructors will see the effort put by students in arriving at solution so as to provide best mark.

Related Services

Part B
State which or what part of the following expenses are deductions.



An amount paid to a solicitor for preparing a business partnership deed.  
The travel expenses of a self employed lighting engineer who travels overseas to purchase some new equipment.  
The costs incurred by a freight forwarding company in reconstructing a public access road, converting it from a gravel road to charcoal road.  
Newspapers purchased by an accountant who advises clients on financial and investment matters.  
The cost of food and veterinary services in respect of three dogs used by a towing firm as watch dogs.  
The payment of a pension to the widower of a deceased employee seven months after her death.  
Payment of fines by a trucking firm imposed for exceeding its authorised loads under the Transport Act 1962.  
Costs of revaluing assets to adjust insurance cover.  
Wages to the spouse of a managing director for secretarial duties performed.  
The travel costs of an Auckland accountant, travelling to take up a winter job as a ski instructor.  
Penalties for late payment of provisional tax.  
Demolition costs of the old office block (not a temporary building).  
Accident compensation levy.  
The cost of erecting a hoarding for advertising the company’s products.  
Cost of installing a leased computer.  
The legal costs incurred in acquiring the lease of new premises.  
The cost of demolishing a temporary building erected by a builder on a construction site.  
Legal costs associated with a contract to purchase trading stock  

Product Code-Taxation-AW-Q331

Looking for best Taxation-AW-Q331 Online,please click here